1
Exhibit 10(r)
AMENDMENT
AMENDMENT NO. 1, dated as of August 5, 1999, to the Agreement, dated as
of September 1, 1998, between SENSORMATIC ELECTRONICS CORPORATION, a Delaware
corporation ("Sensormatic"), and Xxxxxx X. Xxxxxxx ("Director").
W I T N E S S E T H:
WHEREAS, the parties hereto wish to amend and clarify the Agreement in
relation to medical insurance benefits as hereinafter set forth;
NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration, the parties hereto agree as follows:
A new Section 3A is hereby added to the Agreement as follows:
3A. MEDICAL INSURANCE BENEFITS. Sensormatic currently provides
to Director group medical and group dental plans in which Director and
his eligible dependents are participants. Sensormatic hereby agrees
that there shall be no material reduction in any such currently
provided benefits (and there shall be no material reduction in any
additional benefits subsequently approved by Sensormatic's Board of
Directors or any Committee thereof) during the pendency of an Attempted
Change in Control or in the event of a Change in Control or at any time
within 36 months after a Change in Control has occurred. Nothing in
this Agreement shall be deemed to require Sensormatic to continue any
such benefits or to prohibit Sensormatic from modifying any such
benefits in any respect, although it is anticipated that such benefits
(together with any such additional benefits) shall continue to be
provided to Director on the same or a substantially similar basis in
the future in accordance with the terms of the applicable benefit plans
and policies.
Except as expressly set forth in this Amendment, nothing contained
herein shall be deemed to alter, change, waive, amend or otherwise modify any
provision of the Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
the date first set forth above.
SENSORMATIC ELECTRONICS
CORPORATION
Director: By: /s/ Xxxxxx X. Xxxxxxx
---------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: Vice President-Corporate Counsel
/s/ Xxxxxx X. Xxxxxxx
---------------------------------------
Xxxxxx X. Xxxxxxx
2
AMENDMENT
AMENDMENT NO. 1, dated as of August 5, 1999, to the Agreement, dated as
of September 1, 1998, between SENSORMATIC ELECTRONICS CORPORATION, a Delaware
corporation ("Sensormatic"), and Xxxxxxx X. Xxxxxxx ("Director").
W I T N E S S E T H:
WHEREAS, the parties hereto wish to amend and clarify the Agreement in
relation to medical insurance benefits as hereinafter set forth;
NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration, the parties hereto agree as follows:
A new Section 3A is hereby added to the Agreement as follows:
3A. MEDICAL INSURANCE BENEFITS. Sensormatic currently provides
to Director group medical and group dental plans in which Director and
his eligible dependents are participants. Sensormatic hereby agrees
that there shall be no material reduction in any such currently
provided benefits (and there shall be no material reduction in any
additional benefits subsequently approved by Sensormatic's Board of
Directors or any Committee thereof) during the pendency of an Attempted
Change in Control or in the event of a Change in Control or at any time
within 36 months after a Change in Control has occurred. Nothing in
this Agreement shall be deemed to require Sensormatic to continue any
such benefits or to prohibit Sensormatic from modifying any such
benefits in any respect, although it is anticipated that such benefits
(together with any such additional benefits) shall continue to be
provided to Director on the same or a substantially similar basis in
the future in accordance with the terms of the applicable benefit plans
and policies.
Except as expressly set forth in this Amendment, nothing contained
herein shall be deemed to alter, change, waive, amend or otherwise modify any
provision of the Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
the date first set forth above.
SENSORMATIC ELECTRONICS
CORPORATION
Director: By: /s/ Xxxxxx X. Xxxxxxx
----------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title:Vice President - Corporate Counsel
/s/ Xxxxxxx X. Xxxxxxx
----------------------
Xxxxxxx X. Xxxxxxx
3
AMENDMENT
AMENDMENT NO. 1, dated as of August 5, 1999, to the Agreement, dated as
of September 1, 1998, between SENSORMATIC ELECTRONICS CORPORATION, a Delaware
corporation ("Sensormatic"), and Xxxx X. Xxx, Xx. ("Director").
W I T N E S S E T H:
WHEREAS, the parties hereto wish to amend and clarify the Agreement in
relation to medical insurance benefits as hereinafter set forth;
NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration, the parties hereto agree as follows:
A new Section 3A is hereby added to the Agreement as follows:
3A. MEDICAL INSURANCE BENEFITS. Sensormatic currently provides
to Director group medical and group dental plans in which Director and
his eligible dependents are participants. Sensormatic hereby agrees
that there shall be no material reduction in any such currently
provided benefits (and there shall be no material reduction in any
additional benefits subsequently approved by Sensormatic's Board of
Directors or any Committee thereof) during the pendency of an Attempted
Change in Control or in the event of a Change in Control or at any time
within 36 months after a Change in Control has occurred. Nothing in
this Agreement shall be deemed to require Sensormatic to continue any
such benefits or to prohibit Sensormatic from modifying any such
benefits in any respect, although it is anticipated that such benefits
(together with any such additional benefits) shall continue to be
provided to Director on the same or a substantially similar basis in
the future in accordance with the terms of the applicable benefit plans
and policies.
Except as expressly set forth in this Amendment, nothing contained
herein shall be deemed to alter, change, waive, amend or otherwise modify any
provision of the Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
the date first set forth above.
SENSORMATIC ELECTRONICS
CORPORATION
Director: By: /s/ Xxxxxx X. Xxxxxxx
-----------------------------------------
Name: Xxxxxx X. Xxxxxxx
Title: Vice President - Corporate Counsel
/s/ Xxxx X. Xxx, Xx.
-----------------------------------------
Xxxx X. Xxx, Xx.
